I resigned from my job in April 1999 at which time I had an active 401k. My employer was matching 3% of my salary in contributions. When I resigned, I was 60% vested.

I have left this 401k alone and left it with the same plan.

On my most recent statement, for the quarter ending September 30 2007, there was a substantial reduction dated 9/21/2007 titled "redemption". I called the plan and they told me that the employer had instructed them to remove the portion in which I was not vested.



Can they do this over eight years later? I had depended on my account value for future retirement planning.

Is there a statute of limitations on an action like this?

Hi kirklt. I'm sorry I don't have more advice for you. If you can't get more information from the plan administrator or copies of the plan documents that could answer your questions about redemption, I suggest you try to speak to a financial planner, or an attorney to discuss your legal options. 401(k)s can have substantial assets at the level of maturity it sounds like yours has reached and it may be worthwhile for you to get some professional advice about it if you can't find the answer within the plan resources. You can fnd more information about an attorney through the attorney locator service on LawInfo's home page at: http://www.lawinfo.com/. Some do offer free consultations.